Bytecoin (BCN) Cryptocurrency Review – Conclusion

Created way back in July of 2012, Bytecoin was the first cryptocurrency to make use of the CryptoNote algorithm. Bytecoin is a private, decentralized blockchain platform that works as an open-source code system. This allows everyone to involve in the network.

Bytecoin (BCN) Cryptocurrency Review – Conclusion

Bytecoin is different from other cryptocurrency platforms due to the fact that it’s the first altcoin based on CryptoNote technology. It was called ”a totally anonymous cryptocurrency”. The platform uses multi-signatures to create a stronger security. Also, it works with one-time cryptocurrency addresses.

The CryptoNote algorithm was also designed to not only offer security, but to provide ASIC resistance. Today, Bytecoin can be mined by anyone with a standard computer.

Bytecoin (BCN) Cryptocurrency Review – Conclusion

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

To keep your cryptocurrencies safe, you need to download the Bytecoin Wallet – which you will find on platform’s official website. After installing the wallet, the software will automatically generate your personal address. You are ready to start trading your tokens. An advice is to encrypt your new wallet with a strong password, to protect it in case the system gets attacked.

You will not be charged for Bytecoin transactions. The platform provides a high speed and volume of payment transfers. The designers assure users they only need 2 minutes to get the confirmation;

Bytecoin, Will they succeed? Only time will tell. However, seeing as they already have a market value of over $1 billion, one could argue that they are already nearing the summit of success. Now it’s just a matter of spreading the word and recruiting more believers.